Economic Development and the Division of Labor / Edition 1

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $23.99
Usually ships in 1-2 business days
(Save 86%)
Other sellers (Hardcover)
  • All (7) from $23.99   
  • New (3) from $39.95   
  • Used (4) from $23.99   


This innovative new book from Xiaokai Yang introduces students to development economics through the lens of inframarginal and marginal analyses, and shows how this way of thinking has influenced a shift back to classical economic theory within the field of economic development. Yang offers a thorough analysis of trade and macroeconomics not to be found in comparable works, and focuses on institutional and transaction cost issues of critical interest to development economists.
Read More Show Less

What People Are Saying

From the Publisher
Economic Development and the Division of Labor is an exciting contribution that offers innovative perspectives on growth and development. It covers a void in the literature, and provides a rich and deep interpretation of the impact of endogenous specialization, institutions, and economic structure on growth. The text strikes a very good balance between the intuitive and analytical discussions, and relies constantly on references to contemporary data and the problems facing developing countries.” Joshua Aizenman, Dartmouth College

“Economists, whatever their speciality, will find the book rewarding to read and stimulating to teach.” Merton J. Peck, Yale University

“Xiaokai Yang is one of the world’s most penetrating and exacting economic theorists, and one of the most creative minds in the economics profession.” Jeffrey D. Sachs, Columbia University

Read More Show Less

Product Details

  • ISBN-13: 9780631220039
  • Publisher: Wiley
  • Publication date: 9/28/2002
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 664
  • Product dimensions: 6.80 (w) x 10.00 (h) x 1.60 (d)

Table of Contents

List of Figures
List of Tables
1 Introduction 1
Pt. I Geography and Microeconomic Mechanisms for Economic Development 35
2 Geography and Economic Development 37
3 Driving Force I - Exogenous Comparative Advantage and Trading Efficiency 57
4 Driving Force II - Endogenous Comparative Advantage and Trading Efficiency 98
5 Driving Force III - Economies of Scale and Trading Efficiency 131
6 Coexistence of Endogenous and Exogenous Comparative Advantages and Patterns of Development and Trade 157
7 Structural Changes, Trade, and Economic Development 193
Pt. II The Institution of the Firm, Endogenous Transaction Costs, and Economic Development 227
8 Economic Development, the Institution of the Firm, and Entrepreneurship 229
9 Endogenous Transaction Costs, Contracts, and Economic Development 254
10 Transaction Risk, Property Rights, Insurance, and Economic Development 302
Pt. III Urbanization and Industrialization 339
11 Urbanization, Structural Duality between Urban and Rural Areas, and Economic Development 341
12 Industrialization, Structural Changes, Economic Development, and Division of Labor in Roundabout Production 370
Pt. IV Dynamic Mechanisms for Economic Development 399
13 Neoclassical Models of Economic Growth 401
14 Economic Development Generated by Endogenous Evolution of Division of Labor 421
15 Social Experiments and the Evolution of Knowledge of Development 449
Pt. V The Macroeconomics of Development 473
16 Investment, Saving, and Economic Development 475
17 Money, Division of Labor, and Economic Development 498
18 Endogenous Business Cycles, Cyclical Unemployment, and Endogenous Long-run Growth 513
19 Economic Transition 544
References 586
Index 617
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)